Virgin Money reduces mortgage rates

Virgin Money has announced a number of changes across its residential mortgage range. The updated range will be available from 27 September 2013.
 
Key residential changes
 
Mortgages for those with smaller deposits reduced:
90% LTV two year fixed rate reduced by 0.20% to 4.55%*
85% LTV two year fixed rate reduced by 0.10% to 3.29%*
80% LTV two year fixed rate reduced by 0.17% to 2.68%*
 
Fee Saver Option rates (mortgages with no product fee) reduced:
Two year fixed rate up to 60% LTV reduced by 0.11% to 2.34%
Two year fixed rate up to 70% LTV reduced by 0.15% to 2.44%
Two year fixed rate up to 75% LTV reduced by 0.05% to 2.74%
Two year tracker up to 70% LTV reduced by 0.25% to 2.34%
 
Everyday mortgage rates reduced:
Two year fixed rate up to 70% LTV reduced by 0.05% to 2.14%*
Two year tracker up to 70% LTV reduced by 0.10% to 1.94%*
Two year tracker up to 75% LTV reduced by 0.14% to 2.24%*
Two year tracker up to 80% LTV reduced by 0.17% to 2.68%*

Freedom to Fix trackers, which allow customers to switch into a fixed rate during the tracker period, reduced:
Two year Freedom to Fix tracker up to 70% LTV reduced by 0.76% to 2.09%*
Two year Freedom to Fix tracker up to 75% LTV reduced by 0.85% to 2.34%*
Two year Freedom to Fix tracker up to 80% LTV reduced by 0.81% to 2.78%*
 
Longer term fixed rates:
Five year fixed rates available from 3.05% at 70% LTV*
Five year fixed rate with no product fee available from 3.39%
 
* £995 product fee applies
 
Peter Rogerson, Commercial Director for Mortgages and Savings at Virgin Money said:  "We are pleased to announce these latest mortgage rate reductions, which help borrowers across a range of circumstances."